Oakmark Equity Correlations

Mutual Funds . USA . 
Fund . Oakmark Equity And
OAKBX Fund  USD 37.08  0.02  0.05%   
The current 90-days correlation between Oakmark Equity And and Oakmark Global Fund is 0.91 (i.e., Almost no diversification). The correlation of Oakmark Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Oakmark Equity Correlation With Market

Almost no diversification

The correlation between Oakmark Equity And and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oakmark Equity And and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oakmark Equity And. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Oakmark Mutual Fund

  0.97OAYIX Oakmark InternationalPairCorr
  1.0OAYMX Oakmark Fund AdvisorPairCorr
  0.96OAYLX Oakmark SelectPairCorr
  0.95OAYWX Oakmark Global SelectPairCorr
  0.97OAZEX Oakmark InternationalPairCorr
  0.85OAZCX Oakmark BondPairCorr
  1.0OAZBX Oakmark Equity AndPairCorr
  0.97OAZIX Oakmark InternationalPairCorr
  0.99OAZGX Oakmark GlobalPairCorr
  0.85OAYCX Oakmark BondPairCorr
  0.97OAYBX Oakmark Equity AndPairCorr
  0.97OAYGX Oakmark GlobalPairCorr
  0.95OAYEX Oakmark InternationalPairCorr
  1.0OAZMX Oakmark Fund R6PairCorr
  0.96OAZLX Oakmark SelectPairCorr
  0.93OAZWX Oakmark Global SelectPairCorr
  0.85OAKCX Harris AssociatesPairCorr
  0.99OAKGX Oakmark GlobalPairCorr
  0.97OAKEX Oakmark InternationalPairCorr
  0.97OAKIX Oakmark InternationalPairCorr
  1.0OAKMX Oakmark Fund InvestorPairCorr
  0.99OAKLX Oakmark SelectPairCorr
  0.95OAKWX Oakmark Global SelectPairCorr
  0.93OANWX Oakmark Global SelectPairCorr
  0.97OANEX Oakmark InternationalPairCorr
  0.97OANBX Oakmark Equity AndPairCorr
  0.97OANIX Oakmark InternationalPairCorr
  0.97OANGX Oakmark GlobalPairCorr
  1.0OANMX Oakmark Fund InstituPairCorr
  0.96OANLX Oakmark SelectPairCorr
  0.97FBONX American Funds AmericanPairCorr
  0.97FBAFX American Funds AmericanPairCorr
  0.96ABALX American BalancedPairCorr
  0.95BALCX American BalancedPairCorr
  0.97BALFX American BalancedPairCorr
  0.95RLBCX American BalancedPairCorr
  0.97RLBBX American BalancedPairCorr
  0.95CLBAX American BalancedPairCorr
  0.97CLBEX American BalancedPairCorr

Moving against Oakmark Mutual Fund

  0.98UIPIX Ultrashort Mid CapPairCorr
  0.97USPSX Profunds UltrashortPairCorr
  0.95USPIX Profunds UltrashortPairCorr
  0.73TCTGX Transamerica CleartrackPairCorr
  0.73TCTJX Transamerica CleartrackPairCorr
  0.72TDKTX Cleartrack 2015 ClassPairCorr
  0.72TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Oakmark Mutual Fund performing well and Oakmark Equity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Oakmark Equity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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